Joseph Colliu
First Rehab - Does this make sense?
Bought an out of state property a year ago, 2400 sqft duplex. Inherited the existing tenants. Here was my proforma assuming everything went to plan (which it didn't!)
One tenant stopped paying in May, the other rac...
Ryan Dickerson
Construction cost estimates/guides
I'm a new investor in Seattle and have been analyzing flips, short-term, and long-term rentals using Dealcheck and some proformas that local agents and investors have sent me. Does anyone have a trusty renovation/cons...
Ken M Middleton
Refusal to do an itemized bid by contractors (Columbus, GA)
Hey BP family,
My wife and I identified a potential home that we are interested in rehabbing. We got an initial ballpark bid from a contractor of around 20k worth of work but after the inspection, there were a few it...
Tom Maurer
Easiest way to clean a textured ceiling coated form years of smoking with TSP?
One of the apartments I have has a textured ceiling (it was there
when I bought it). The long time tenants who are moving were heaving
smokers. I read in another post advice that said clean with TSP and
then pain...
Matthew Metros
Now Contractor Asking for 15% markup to cover material and labor
I am working with a contractor that has been a pleasure to work with. Honestly, he has gotten the job done and has been honest with me. There have been delays on the project that I have had to eat up (3 Months), but o...
Account Closed
How do you calculate your maintenance budget?
For those of you owning or managing 100+ units: How do you calculate your maintenance budget?
I've heard a lot of people say $50/unit. Example - 200 units. $10,000/month for materials and labor. So if you h...
Matthew Ficorilli
Lease option deal
Hello BP world!
I have a potential deal in my lap and I needed my feedback. I want to lease option this property and this would be the first time I would doing so.
I found a duplex on the market for $11...
Hoang Bui
Which General Contractor to Go With?
So I recently acquired a triplex on an FHA loan, and I am planning to remodel the unit where I will be occupying. I received three quotes for my remodeling project, but I am having a bit of a tough time trying to deci...
Tyrone Marson
Pro Forma template for fix & flips
Hi All,Can someone send me a pro forma template that they use when analyzing a fix & flip deal.
David Lamb
Tone of Distressed Letters? Cease and Desist?
I am very sympathetic to those who are facing foreclosure and other distressed situations. I try to convey that in my direct marketing materials. With that said, I just received a call from a lawyer representing a p...